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Compare Panama (2001) - Faroe Islands (2007)

Compare Panama (2001) z Faroe Islands (2007)

 Panama (2001)Faroe Islands (2007)
 PanamaFaroe Islands
Administrative divisions 9 provinces (provincias, singular - provincia) and one territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*, and Veraguas none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 34 municipalities
Age structure 0-14 years:
30.13% (male 436,661; female 420,625)

15-64 years:
63.86% (male 920,787; female 896,520)

65 years and over:
6.01% (male 81,682; female 89,372) (2001 est.)
0-14 years: 20.6% (male 4,882/female 4,904)


15-64 years: 65.3% (male 16,353/female 14,668)


65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.)
Agriculture - products bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp milk, potatoes, vegetables; sheep; salmon, other fish
Airports 107 (2000 est.) 1 (2007)
Airports - with paved runways total:
42

over 3,047 m:
1

2,438 to 3,047 m:
1

1,524 to 2,437 m:
5

914 to 1,523 m:
13

under 914 m:
22 (2000 est.)
total: 1


914 to 1,523 m: 1 (2007)
Airports - with unpaved runways total:
65

914 to 1,523 m:
13

under 914 m:
52 (2000 est.)
-
Area total:
78,200 sq km

land:
75,990 sq km

water:
2,210 sq km
total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
Area - comparative slightly smaller than South Carolina eight times the size of Washington, DC
Background With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were turned over to Panama by or on 31 December 1999. The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self government was attained in 1948.
Birth rate 19.06 births/1,000 population (2001 est.) 14.12 births/1,000 population (2007 est.)
Budget revenues:
$2.8 billion

expenditures:
$2.9 billion, including capital expenditures of $471 million (2000 est.)
revenues: $588 million


expenditures: $623 million (2005)
Capital Panama name: Torshavn


geographic coordinates: 62 01 N, 6 46 W


time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Climate tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) mild winters, cool summers; usually overcast; foggy, windy
Coastline 2,490 km 1,117 km
Constitution 11 October 1972; major reforms adopted 1978, 1983 and 1994 5 June 1953 (Danish constitution)
Country name conventional long form:
Republic of Panama

conventional short form:
Panama

local long form:
Republica de Panama

local short form:
Panama
conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
Currency balboa (PAB); US dollar (USD) -
Death rate 4.95 deaths/1,000 population (2001 est.) 8.69 deaths/1,000 population (2007 est.)
Debt - external $7.56 billion (2000 est.) $64 million (1999)
Dependency status - part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948
Diplomatic representation from the US chief of mission:
Ambassador Simon FERRO

embassy:
Avenida Balboa and Calle 37, Apartado 6959, Panama City 5

mailing address:
American Embassy Panama, Unit 0945, APO AA 34002

telephone:
[507] 207-7000

FAX:
[507] 227-1964
none (self-governing overseas administrative division of Denmark)
Diplomatic representation in the US chief of mission:
Ambassador Alfredo BOYD

chancery:
2862 McGill Terrace NW, Washington, DC 20008

telephone:
[1] (202) 483-1407

consulate(s) general:
Atlanta, Houston, Miami, New Orleans, New York, Philadelphia, San Francisco, Tampa
none (self-governing overseas administrative division of Denmark)
Disputes - international none because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
Economic aid - recipient $197.1 million (1995) $105 million; note - annual subsidy from Denmark (2005)
Economy - overview Panama's economy is based primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in Colon Free Zone and agricultural exports, high oil prices, and the withdrawal of US military forces held back economic growth in 2000. The government plans public works programs, tax reforms, and new regional trade agreements in order to stimulate growth in 2001. The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians.
Electricity - consumption 4.049 billion kWh (1999) 269.7 million kWh (2005)
Electricity - exports 95 million kWh (1999) 0 kWh (2005)
Electricity - imports 40 million kWh (1999) 0 kWh (2005)
Electricity - production 4.413 billion kWh (1999) 290 million kWh (2005)
Electricity - production by source fossil fuel:
27.78%

hydro:
71.65%

nuclear:
0%

other:
0.57% (1999)
-
Elevation extremes lowest point:
Pacific Ocean 0 m

highest point:
Volcan de Chiriqui 3,475 m
lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
Environment - current issues water pollution from agricultural runoff threatens fishery resources; deforestation of tropical rain forest; land degradation and soil erosion threatens siltation of Panama Canal NA
Environment - international agreements party to:
Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands

signed, but not ratified:
Marine Life Conservation
party to: Marine Dumping -associate member to the London Convention and Ship Pollution
Ethnic groups mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% Scandinavian
Exchange rates balboas per US dollar - 1.000 (fixed rate) Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)
Executive branch chief of state:
President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government

head of government:
President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government

cabinet:
Cabinet appointed by the president

elections:
president and vice presidents elected on the same ticket by popular vote for five-year terms; election last held 2 May 1999 (next to be held NA May 2004)

election results:
Mireya Elisa MOSCOSO Rodriguez elected president; percent of vote - Mireya Elisa MOSCOSO Rodriguez (PA) 44%, Martin TORRIJOS (PRD) 37%

note:
government coalition - PA, MOLIRENA, Democratic Change, MORENA, PLN, PS
chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)


head of government: Prime Minister Joannes EIDESGAARD (since 3 February 2004)


cabinet: Landsstyri appointed by the prime minister


elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 20 January 2004 (next to be held no later than January 2008)


election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA
Exports $5.7 billion (f.o.b., 2000 est.) NA bbl/day
Exports - commodities bananas, shrimp, sugar, coffee, clothing fish and fish products 94%, stamps, ships (1999)
Exports - partners US 42%, Germany 11%, Costa Rica 5%, Benelux 4%, Italy 4% (1999) Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006)
Fiscal year calendar year calendar year
Flag description divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag)
GDP purchasing power parity - $16.6 billion (2000 est.) -
GDP - composition by sector agriculture:
7%

industry:
16.5%

services:
76.5% (1999 est.)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita purchasing power parity - $6,000 (2000 est.) -
GDP - real growth rate 2.5% (2000 est.) 2.4% (2005 est.)
Geographic coordinates 9 00 N, 80 00 W 62 00 N, 7 00 W
Geography - note strategic location on eastern end of isthmus forming land bridge connecting North and South America; controls Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands
Highways total:
11,592 km

paved:
4,079 km (including 30 km of expressways)

unpaved:
7,513 km (2000)
-
Household income or consumption by percentage share lowest 10%:
1.2%

highest 10%:
35.7% (1997)
lowest 10%: NA%


highest 10%: NA%
Illicit drugs major cocaine transshipment point and major drug money-laundering center; no recent signs of coca cultivation; monitoring of financial transactions is improving; official corruption remains a major problem; Panama was cited by the Financial Action Task Force (FATF) an international organization that includes the US Government, for its lack of cooperation in the fight against international money laundering -
Imports $6.9 billion (f.o.b., 2000 est.) NA bbl/day
Imports - commodities capital goods, crude oil, foodstuffs, consumer goods, chemicals consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)
Imports - partners US 39%, Colon Free Zone 14%, Japan 8%, Ecuador 6%, Mexico 5% (1999) Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006)
Independence 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
Industrial production growth rate 2% (2000 est.) 8% (1999 est.)
Industries construction, petroleum refining, brewing, cement and other construction materials, sugar milling fishing, fish processing, small ship repair and refurbishment, handicrafts
Infant mortality rate 20.18 deaths/1,000 live births (2001 est.) total: 6.01 deaths/1,000 live births


male: 7.25 deaths/1,000 live births


female: 4.76 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 1.8% (2000 est.) 1.8% (2005)
International organization participation CCC, ECLAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA (observer), NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Arctic Council, IMO (associate), NC, NIB, UPU
Internet Service Providers (ISPs) 6 (2000) -
Irrigated land 320 sq km (1993 est.) 0 sq km
Judicial branch Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal none
Labor force 1.1 million (2000 est.)

note:
shortage of skilled labor, but an oversupply of unskilled labor
24,250 (October 2000)
Labor force - by occupation agriculture 20.8%, industry 18%, services 61.2% (1995 est.) agriculture: 33%


industry: 33%


services: 34% (October 2000)
Land boundaries total:
555 km

border countries:
Colombia 225 km, Costa Rica 330 km
0 km
Land use arable land:
7%

permanent crops:
2%

permanent pastures:
20%

forests and woodland:
44%

other:
27% (1993 est.)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
Languages Spanish (official), English 14%

note:
many Panamanians bilingual
Faroese (derived from Old Norse), Danish
Legal system based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction, with reservations the laws of Denmark, where applicable, apply
Legislative branch unicameral Legislative Assembly or Asamblea Legislativa (71 seats; members are elected by popular vote to serve five-year terms)

elections:
last held 2 May 1999 (next to be held NA May 2004)

election results:
percent of vote by party - NA%; seats by party - PRD 34, PA 18, PDC 5, PS 4, MOLIRENA 3, PLN 3, Democratic Change 2, PRC 1, MORENA 1

note:
legislators from outlying rural districts are chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula
unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)


elections: last held 20 January 2004 (next to be held no later than January 2008)


election results: percent of vote by party - Union Party 23.7%, Social Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, People's Party 7, Center Party 2, Independence Party 1


note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held in February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1
Life expectancy at birth total population:
75.68 years

male:
72.94 years

female:
78.53 years (2001 est.)
total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 est.)
Literacy definition:
age 15 and over can read and write

total population:
90.8%

male:
91.4%

female:
90.2% (1995 est.)
definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
Location Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway
Map references Central America and the Caribbean Europe
Maritime claims contiguous zone:
24 NM

exclusive economic zone:
200 NM

territorial sea:
12 NM
territorial sea: 3 nm


continental shelf: 200 nm or agreed boundaries or median line


exclusive fishing zone: 200 nm or agreed boundaries or median line
Merchant marine total:
4,711 ships (1,000 GRT or over) totaling 111,515,984 GRT/169,655,363 DWT

ships by type:
bulk 1,381, cargo 925, chemical tanker 314, combination bulk 71, combination ore/oil 18, container 525, liquefied gas 193, livestock carrier 5, multi-functional large-load carrier 12, passenger 41, passenger/cargo 4, petroleum tanker 544, railcar carrier 2, refrigerated cargo 297, roll on/roll off 106, short-sea passenger 36, specialized tanker 29, vehicle carrier 208

note:
includes some foreign-owned ships registered here as a flag of convenience: Argentina 11, Australia 1, Austria 1, Bermuda 21, Belgium 4, The Bahamas 7, Brazil 2, Canada 4, China 154, Chile 4, Cayman Islands 1, Colombia 6, Cuba 7, Cyprus 4, Denmark 12, Egypt 8, Ireland 2, Equatorial Guinea 1, Finland 1, France 4, Germany 17, Greece 248, Hong Kong 158, Honduras 2, Croatia 3, Indonesia 40, India 11, Iran 1, Israel 3, Italy 7, Japan 1,007, Jordan 2, South Korea 223, Latvia 4, Lithuania 1, Liberia 2, Monaco 43, Malta 1, Mexico 5, Malaysia 6, Netherlands 6, Norway 36, Netherlands Antilles 1, Peru 5, Pakistan 1, Portugal 5, Philippines 10, Russia 6, Saudi Arabia 6, Seychelles 2, South Africa 5, Singapore 73, Spain 35, Sweden 4, Syria 11, Switzerland 53, UAE 11, Thailand 15, Taiwan 170, UK 18, US 79, Venezuela 18, Samoa 1 (2000 est.)
total: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT


by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1


foreign-owned: 8 (Iceland 4, Norway 4) (2007)
Military - note on 10 February 1990, the government of then President ENDARA abolished Panama's military and reformed the security apparatus by creating the Panamanian Public Forces; in October 1994, Panama's Legislative Assembly approved a constitutional amendment prohibiting the creation of a standing military force, but allowing the temporary establishment of special police units to counter acts of "external aggression" defense is the responsibility of Denmark
Military branches an amendment to the Constitution abolished the armed forces, but there are security forces (Panamanian Public Forces or PPF includes the Panamanian National Police, National Maritime Service, and National Air Service) no regular military forces
Military expenditures - dollar figure $128 million (FY99) -
Military expenditures - percent of GDP 1.3% (FY99) NA
Military manpower - availability males age 15-49:
775,966 (2001 est.)
-
Military manpower - fit for military service males age 15-49:
530,916 (2001 est.)
-
National holiday Independence Day, 3 November (1903) Olaifest (Olavasoka), 29 July
Nationality noun:
Panamanian(s)

adjective:
Panamanian
noun: Faroese (singular and plural)


adjective: Faroese
Natural hazards NA NA
Natural resources copper, mahogany forests, shrimp, hydropower fish, whales, hydropower, possible oil and gas
Net migration rate -1.1 migrant(s)/1,000 population (2001 est.) 0 migrant(s)/1,000 population (2007 est.)
Pipelines crude oil 130 km (2001) -
Political parties and leaders Arnulfista Party or PA [Mireya Elisa MOSCOSO Rodriguez]; Christian Democratic Party or PDC [Ruben AROSEMENA]; Civic Renewal Party or PRC [Serguei DE LA ROSA]; Democratic Change [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Martin TORRIJOS]; National Liberal Party or PLN [Raul ARANGO Gasteazopo]; National Renovation Movement or MORENA [Pedro VALLARINO Cox]; Nationalist Republican Liberal Movement or MOLIRENA [Ramon MORALES]; Solidarity Party or PS [Samuel LEWIS Galindo] Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN]
Political pressure groups and leaders Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Union of Construction and Similar Workers (SUNTRACS); National Council of Private Enterprise or CONEP; Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP NA
Population 2,845,647 (July 2001 est.) 47,511 (July 2007 est.)
Population below poverty line 37% (1999 est.) NA%
Population growth rate 1.3% (2001 est.) 0.543% (2007 est.)
Ports and harbors Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte -
Radio broadcast stations AM 101, FM 134, shortwave 0 (1998) AM 1, FM 13, shortwave 0 (1998)
Radios 815,000 (1997) -
Railways total:
355 km

broad gauge:
76 km 1.524-m gauge

narrow gauge:
279 km 0.914-m gauge
-
Religions Roman Catholic 85%, Protestant 15% Evangelical Lutheran
Sex ratio at birth:
1.04 male(s)/female

under 15 years:
1.04 male(s)/female

15-64 years:
1.03 male(s)/female

65 years and over:
0.91 male(s)/female

total population:
1.02 male(s)/female (2001 est.)
at birth: 1 male(s)/female


under 15 years: 0.996 male(s)/female


15-64 years: 1.115 male(s)/female


65 years and over: 0.83 male(s)/female


total population: 1.045 male(s)/female (2007 est.)
Suffrage 18 years of age; universal and compulsory 18 years of age; universal
Telephone system general assessment:
domestic and international facilities well developed

domestic:
NA

international:
1 coaxial submarine cable; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System
general assessment: good international communications; good domestic facilities


domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed


international: country code - 298; satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable
Telephones - main lines in use 396,000 (1997) 23,000 (2006)
Telephones - mobile cellular 17,000 (1997) 50,000 (2006)
Television broadcast stations 38 (including repeaters) (1998) 3 (plus 43 repeaters) (September 1995)
Terrain interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills rugged, rocky, some low peaks; cliffs along most of coast
Total fertility rate 2.27 children born/woman (2001 est.) 2.15 children born/woman (2007 est.)
Unemployment rate 13% (2000 est.) 2.1% (2006)
Waterways 882 km

note:
800 km navigable by shallow draft vessels; 82 km Panama Canal
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